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VANCOUVER, British Columbia, December 8, 2022 (GLOBE NEWSWIRE) — Tearlach Resources Limited (TSXV: TEA) (OTC: TELHF) (FRANKFURT: V44) (“Tearlach” or “Company”) is pleased to announce that Morgan Lekstrom has been appointed as its new CEO and Director effective immediately.
Mr. Lekstrom has 16 years of mining and industrial experience in progressively senior positions in executive management, project management, operations and engineering management. Prior to joining Tearlach, he was President and CEO of Silver Hammer Mining Corp. and co-founder of the uranium production company, Kraken Energy Corp. Mr. Lekstrom has a proven track record of success in numerous projects, raising capital and defining strategic direction for multiple companies. He held senior technical roles at Freeport McMoran’s Grasberg site in Indonesia and Rio Tinto’s Oyu Tolgoi project in Mongolia, co-leading the design, construction and commissioning of a new steel mill for Arrium (Moli-cop) in Canada and Peru . . He played an integral role in the development and revival of Golden Star Resources’ Prestea underground mine in Ghana, West Africa. He also branched out into supply chain infrastructure development, including construction, commissioning, asset strategy development and engineering at the Port of Vancouver’s largest grain terminal, G3 Terminal Vancouver. He worked as an engineering manager at Sabina Gold and Silver, where he was responsible for the first phases of execution on the Back River Marine Laydown project, leading the project, engineering and maintenance teams.
Charles Ross and Paul Chow, directors, said: “We are very pleased to welcome Morgan to Tearlach and look forward to his energy and leadership. His experience will be invaluable as we continue to expand our portfolio and advance the exploration of our properties, building an industry-leading lithium company.”
“The collaborative nature of the team, as well as the vision to move forward, is truly world class.” I look forward to working with every team member and board to build Tearlach into one of the leaders in the lithium space. Through the team’s vision and ability to execute, we can lead multiple concurrent paths, including startups, acquisitions and developing strategic partnerships. This will enable us to accelerate and create value for our shareholders and our overall corporate strategy.” commented new CEO Morgan Lekstrom.
The Company’s Board of Directors would like to take this opportunity to thank Raymond Strafehl for his contributions to Tearlach as CEO and looks forward to his continued service as a Board Director. Ray plays a key role on our board and acquisitions team in evaluating and acquiring projects for Tearlach.
About Tearlach
Tearlach is a Canadian exploration company engaged in the acquisition, exploration and development of lithium projects. Tearlach owns the Final Frontier Project, which includes the Pakwan block / Margot Lake Claim, which is directly adjacent to Frontier Lithium’s flagship Spark and Pag deposits, as well as options on the Wesley, Harth and Ferland properties, all located in the lithium hub of the Northwest Ontario, Canada. The Wesley Property adjoins Green Energi Metals’ Root Lake project, where a 24,000 m drilling program is currently underway. Pegmatite dikes have also been encountered at the Harth Lithium Project, which is 8 km west of the Wesley Lithium Project. Prospecting and mapping also confirmed pegmatite dikes on the Ferland Lithium Property, 10 km east of Green Technology Metals’ Seymour Lake project. Tearlach intends to explore these assets and through the acquisition develop a portfolio of projects in the Americas. Tearlach’s primary goal is to position itself as the leading lithium research and development company in America. Additional information about the Company is available at www.tearlach.ca.
ON BEHALF OF THE BOARD OF DIRECTORS,
TEARLACH RESOURCES LTD.
Charles Ross
chairman
610 – 700 V. Pender Street
Vancouver, British Columbia, Canada V6C 1G8
Phone: 778-228-2269
Forward-looking statements
This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities laws (collectively, “forward-looking statements”). Statements and information that are not historical facts are forward-looking statements. Forward-looking statements are often, but not always, identified by words such as “expects”, “expects”, “believes”, “intends”, “estimates”, “potential”, “possible” and similar expressions or statements what events, conditions or results “will”, “may”, “could” or “should” occur or be achieved. Forward-looking statements and related assumptions involve known and unknown risks, uncertainties and other factors beyond the Company’s control. Forward-looking statements in this press release include statements regarding the Company’s beliefs, plans, expectations or intentions. Mineral exploration is highly speculative and is characterized by several significant risks, which even a combination of careful judgment, experience and knowledge may not eliminate. Forward-looking statements in this press release are made as of the date hereof. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements in this press release are reasonable, undue reliance should not be placed on such statements. The Company undertakes no obligation to publicly update or otherwise revise any forward-looking statements, whether as a result of new information or future events or otherwise, except as may be required by law.
Neither TSKS Venture Exchange nor its Regulatory Office (as that term is defined in TSKS Venture Exchange’s policies) accepts responsibility for the adequacy or accuracy of this release.
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